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Questions

Questions on the economy of Eswatini

  1. What is the GDP of Eswatini?

    5.2 bn$ in 2025 (IMF, current dollars): no. 44 of 53 African economies.

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  2. What is the economic growth of Eswatini?

    Real GDP growth of +4.9 % in 2025 (IMF estimate). The IMF projects +3.7 % for 2026.

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  3. What GDP does the IMF project for Eswatini in 2030?

    7.4 bn$ in 2030 according to the IMF projections, against 5.2 bn$ in 2025: real growth of 3.4 % a year on average.

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  4. Is Eswatini a rich country?

    GDP per capita of 4,148 $ in 2025, well above the African median (1,768 $): no. 14 of 53 in Africa per person (IMF).

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  5. How many people live in Eswatini?

    1.3 M inhabitants in 2025 (IMF): no. 47 in Africa by population.

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  6. What is the inflation rate in Eswatini?

    3.1 % in 2025, average annual change in consumer prices (IMF). Projection for 2026: 2.9 %.

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  7. Is Eswatini highly indebted?

    Public debt of 44.8 % of GDP in 2025, against a median of 53.2 % in Africa: no. 37 of 52 from the most indebted (IMF).

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  8. Is Eswatini in default?

    No. Its rating is B (Moody's B2).

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  9. What is the credit rating of Eswatini?

    Moody's B2: weak rating, no. 14 of the 34 African countries rated.

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  10. What is the currency of Eswatini?

    Its currency: lilangeni (SZL). Fixed rate: 1.00 SZL for 1 ZAR.

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  11. What does Eswatini export?

    In 2024, mostly: Essential oils, cosmetics (29.2 %), Sugar (19.9 %), Other chemicals (12.5 %). First client: South Africa (CEPII, BACI).

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  12. Which economic communities is Eswatini part of?

    SADC (Southern African Development Community).

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  13. Does Eswatini have a stock exchange?

    Yes: the Eswatini Stock Exchange, with 10 listed securities.

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  14. What share of the population of Eswatini has electricity?

    89.3 % of the population in 2024 (World Bank).

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Answers written from the latest figures of the IMF, the World Bank, CEPII, the rating agencies and the IMF-World Bank debt analyses. Method and sources